Glycerol is also known as glycerin and is a plain polyol composite. It is an unscented, insipid and gelatinous liquid that dissolves in water and has a saccharine taste. Previously, glycerol was acquired as a derivative of fatty acids or soaps. Nowadays, it is mostly acquired as a derivative of biodiesel. Glycerol has many uses in the industry and finds its applications in pharmaceuticals, food industry, personal care, healthcare, storage, etc. Expansion of the worldwide biodiesel industry in the past years has caused extra production of glycerol across the world.
Glycerol is primarily acquired as a derivative of biodiesel through the procedure of transesterification. With three hydroxyl clusters, glycerol is capable of absorbing moisture from its surroundings. The spinal column of glycerol is essential to triglycerides, with glycerol usually deemed non-poisonous. The worldwide glycerol market is likely to reach more than USD 2 billion by 2020.
Glycerol is manufactured from triglycerides on a mass scale, with the elementary product having uneven quality. Consequent to this, a good portion of rudimentary glycerol is thrown away as trash. Burning little bit of glycerol produces energy, with the value of heat being low. Increasing requirement from key end-use manufacturing firms is likely to drive the demand for glycerol in the coming five years. The worldwide demand for glycerol was about 2, 200 kilo tons in 2013 and will increase from 2014 to 2020, at a CAGR of about 6 percent. Moreover, in the past three years, glycerol has been investigated as a support chemical for a multitude of renewable element intermediaries. But, low refinement margins and improbabilities in the provisions of feedstock are the prime obstacles for the contributors of the glycerol market. Of late, more production of glycerol, due to increased flow in the production of biodiesel, has led to stable prices of glycerol. A small number of prospective applications are presently under the scanner in the worldwide glycerol market. These consist of epicholorohydrin, propylene glycol and 1, 3 propanediol, by making use of glycerol. These are produced conventionally by making use of traditional feedstock. However, glycerol assists in making these composites in an ecological friendly way.
Biodiesel has been a primary source of glycerol in the previous years. It rose as the leading glycerol source, making up for more than 1, 400 kilo tons of glycerol in 2013. Biodiesel was the biggest source of glycerol and occupied more than 60 percent of the worldwide glycerol market in 2013. Fatty alcohols are likely to be the most rapidly developing source of glycerol. This will happen from 2014 to 2020, at a CAGR of more than 8 percent.
Personal care and pharmaceuticals were the biggest application sector of the glycerol market, with the consumption of glycerol surpassing 870 kilo tons in 2013. Food and beverages are estimated to be the most rapidly developing applications from 2014 to 2020.
Europe has been the largest regional consumer of the worldwide glycerol market. The link, http://www.grandviewresearch.com/industry-analysis/glycerol-market can be used to delve deeper into the worldwide glycerol market.